Bessent to Use Confiscated Crypto, Not Market Buys

I interpret Bessent's statement as a deliberate decision not to increase market exposure by buying cryptocurrency; they will instead deploy confiscated crypto holdings. I view this as a cautious, pragmatic choice that avoids adding demand to open markets.

This approach reduces a potential source of institutional buying and emphasizes reliance on seized assets and regulatory actions as operational resources. That dynamic can mute upward price pressure and signal tighter regulatory influence.

I treat this as a cautionary development for new buyers and short-term momentum traders rather than as a bullish catalyst.